What do the Long-Term Technicals Predict for The Graph (GRT) Saturday?

Saturday, January 15, 2022 07:00 AM | InvestorsObserver Analysts

The Graph receives a strong long-term technical score of 83 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. GRT currently holds a superior long-term technical analysis score than 83% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving The Graph a 83 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on The Graph!

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Trading Analysis

GRT is currently -$0.2200000 (-27.50%) below its 100-day moving average price of $0.810000000 with its current price of $0.590000000. Meanwhile, The Graph is $0.2700000 (-3328.53%) above its 52-week low price of $0.310000000 and -$2.29000000 (-327.39%) below its 52-week high of $2.880000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 83. Trends for the long-term trading history of The Graph suggest that traders are currently neutral on the token. The Graph has a total market value of $2,768,123,376.42 with an high average daily volume of $1,176,155,675.88 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, GRT's volume is below its average with $91,597,795.38 exchanged in total. This token's subclass Decentralized Finance: DeFi, or decentrialized finance, Tokens are tokens that are created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs for brokers, exchanges, and/or banks by offering traditional financial products or services without the need for a central authority through the use of smart contracts.

Summary

Technical analysis of The Graph over the past year results in the crypto receiving a a strong long-term technical score of 83 as its price movement in that time has given traders reason to be neutral on the token in the long-term. Click Here to get the full Report on The Graph (GRT).